China's Dingdong launches $20M share buyback program

It will run until 5 March 2026.

China-based fresh grocery e-commerce company Dingdong (Cayman) Limited has announced a share repurchase program of up to $20m, set to run until 5 March 2026.

The company stated that repurchases may occur through open-market transactions, privately negotiated deals, block trades, or other legally permissible methods, depending on market conditions and regulatory requirements. Implementation may begin after the release of its annual results by 31 March 2025, potentially under Rule 10b5-1 and Rule 10b-18 of the U.S. Securities Exchange Act.

Dingdong's board will periodically review the program and may adjust its terms.

The company said it plans to finance the buyback using its existing cash reserves, citing confidence in its financial position.